U.S., Japan say first test of Raytheon's new SM-3 missile a success

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By Andrea Shalal WASHINGTON (Reuters) - The United States and Japan announced on Sunday the first live-fire test of Raytheon Co's new Standard Missile-3 (SM-3) Block IIA missile that is being jointly developed by the two countries for several billion dollars. Rick Lehner, spokesman for the U.S. Missile Defense Agency, said the test conducted on Saturday from the Point Mugu Sea Range off the coast of California was a success. Lehner said the United States spent just over $2 billion on the weapons program, while Japan contributed about $1 billion.